The methanol economy is an idea that was promoted by the late Nobel-prize-winning chemist George Olah since the 1990s. The idea is to replace fossil fuels with methanol for energy storage, ground transportation fuel, and raw material for hydrocarbon-based products. Methanol is the simplest alcohol and can be produced from a wide variety of sources ranging from fossil fuels to agricultural products to just carbon dioxide. Methanol can be used directly as a fuel or it can be reformed into hydrogen, which can then itself be used as a fuel.
